| Segment Reporting [Text Block] |
We reported five distinct business segments during the six months ended June 30, 2026 and 2025. These segments included Intermodal (JBI), Dedicated Contract Services® (DCS®), Integrated Capacity Solutions (ICS), Final Mile Services® (FMS), and Truckload (JBT). The operation of each of these businesses is described in Note 13, Segment Information, of our Annual Report (Form 10-K) for the year ended December 31, 2025. A summary of certain segment information is presented below (in millions):
| |
|
Assets
(Excludes intercompany accounts)
As of
|
|
| |
|
June 30, 2026
|
|
|
December 31, 2025
|
|
|
JBI
|
|
$ |
3,343 |
|
|
$ |
3,324 |
|
|
DCS
|
|
|
2,088 |
|
|
|
2,070 |
|
|
ICS
|
|
|
364 |
|
|
|
286 |
|
|
FMS
|
|
|
466 |
|
|
|
485 |
|
|
JBT
|
|
|
378 |
|
|
|
364 |
|
|
Total segment assets
|
|
|
6,639 |
|
|
|
6,529 |
|
|
Other (includes corporate)
|
|
|
1,306 |
|
|
|
1,398 |
|
|
Total
|
|
$ |
7,945 |
|
|
$ |
7,927 |
|
| |
|
Net Capital Expenditures (1)
For The Six Months Ended
June 30,
|
|
| |
|
2026
|
|
|
2025
|
|
|
JBI
|
|
$ |
(12.1 |
) |
|
$ |
132.3 |
|
|
DCS
|
|
|
129.1 |
|
|
|
140.4 |
|
|
ICS
|
|
|
1.1 |
|
|
|
0.6 |
|
|
FMS
|
|
|
0.1 |
|
|
|
8.3 |
|
|
JBT
|
|
|
0.8 |
|
|
|
(0.1 |
) |
|
Total segment net capital expenditures
|
|
|
119.0 |
|
|
|
281.5 |
|
|
Other (includes corporate)
|
|
|
25.9 |
|
|
|
117.6 |
|
|
Total
|
|
$ |
144.9 |
|
|
$ |
399.1 |
|
| |
|
Revenues and Operating Income/(Loss)
|
|
| |
|
For The Three Months ended June 30, 2026
|
|
| |
|
JBI
|
|
|
DCS
|
|
|
ICS
|
|
|
FMS
|
|
|
JBT
|
|
|
Intersegment Eliminations
|
|
|
Consolidated
|
|
|
Total operating revenues
|
|
$ |
1,753.7 |
|
|
$ |
920.7 |
|
|
$ |
388.5 |
|
|
$ |
198.0 |
|
|
$ |
239.7 |
|
|
$ |
(5.3 |
) |
|
$ |
3,495.3 |
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rents, purchased transportation, and fuel
|
|
|
1,132.0 |
|
|
|
157.1 |
|
|
|
343.5 |
|
|
|
85.2 |
|
|
|
199.5 |
|
|
|
|
|
|
|
|
|
|
Salaries, wages and employee benefits
|
|
|
232.7 |
|
|
|
390.4 |
|
|
|
19.6 |
|
|
|
59.7 |
|
|
|
10.9 |
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization
|
|
|
61.2 |
|
|
|
81.1 |
|
|
|
1.9 |
|
|
|
11.0 |
|
|
|
5.7 |
|
|
|
|
|
|
|
|
|
|
Operating supplies and expenses
|
|
|
70.2 |
|
|
|
75.0 |
|
|
|
3.3 |
|
|
|
10.0 |
|
|
|
8.6 |
|
|
|
|
|
|
|
|
|
|
Insurance and claims
|
|
|
29.6 |
|
|
|
48.8 |
|
|
|
3.9 |
|
|
|
5.0 |
|
|
|
6.3 |
|
|
|
|
|
|
|
|
|
|
General and administrative expenses, including asset dispositions
|
|
|
68.7 |
|
|
|
50.9 |
|
|
|
14.5 |
|
|
|
19.8 |
|
|
|
9.5 |
|
|
|
|
|
|
|
|
|
|
Other segment items (2)
|
|
|
8.4 |
|
|
|
14.9 |
|
|
|
0.1 |
|
|
|
1.7 |
|
|
|
0.5 |
|
|
|
|
|
|
|
|
|
|
Total operating expenses
|
|
|
1,602.8 |
|
|
|
818.2 |
|
|
|
386.8 |
|
|
|
192.4 |
|
|
|
241.0 |
|
|
|
(5.4 |
) |
|
|
3,235.8 |
|
|
Operating Income (3)
|
|
$ |
150.9 |
|
|
$ |
102.5 |
|
|
$ |
1.7 |
|
|
$ |
5.6 |
|
|
$ |
(1.3 |
) |
|
$ |
0.1 |
|
|
$ |
259.5 |
|
| |
|
Revenues and Operating Income/(Loss)
|
|
| |
|
For The Three Months ended June 30, 2025
|
|
| |
|
JBI
|
|
|
DCS
|
|
|
ICS
|
|
|
FMS
|
|
|
JBT
|
|
|
Intersegment Eliminations
|
|
|
Consolidated
|
|
|
Total operating revenues
|
|
$ |
1,437.9 |
|
|
$ |
846.8 |
|
|
$ |
260.2 |
|
|
$ |
210.6 |
|
|
$ |
177.0 |
|
|
$ |
(4.3 |
) |
|
$ |
2,928.2 |
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rents, purchased transportation, and fuel
|
|
|
887.5 |
|
|
|
104.0 |
|
|
|
222.6 |
|
|
|
79.5 |
|
|
|
131.1 |
|
|
|
|
|
|
|
|
|
|
Salaries, wages and employee benefits
|
|
|
220.7 |
|
|
|
386.8 |
|
|
|
16.8 |
|
|
|
70.5 |
|
|
|
10.6 |
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization
|
|
|
61.5 |
|
|
|
79.0 |
|
|
|
2.0 |
|
|
|
11.0 |
|
|
|
5.7 |
|
|
|
|
|
|
|
|
|
|
Operating supplies and expenses
|
|
|
66.0 |
|
|
|
70.2 |
|
|
|
1.7 |
|
|
|
9.5 |
|
|
|
7.7 |
|
|
|
|
|
|
|
|
|
|
Insurance and claims
|
|
|
27.7 |
|
|
|
44.6 |
|
|
|
4.0 |
|
|
|
6.2 |
|
|
|
7.0 |
|
|
|
|
|
|
|
|
|
|
General and administrative expenses, including asset dispositions
|
|
|
70.9 |
|
|
|
54.0 |
|
|
|
16.4 |
|
|
|
24.1 |
|
|
|
11.1 |
|
|
|
|
|
|
|
|
|
|
Other segment items (2)
|
|
|
7.9 |
|
|
|
14.5 |
|
|
|
0.3 |
|
|
|
1.8 |
|
|
|
0.4 |
|
|
|
|
|
|
|
|
|
|
Total operating expenses
|
|
|
1,342.2 |
|
|
|
753.1 |
|
|
|
263.8 |
|
|
|
202.6 |
|
|
|
173.6 |
|
|
|
(4.4 |
) |
|
|
2,730.9 |
|
|
Operating Income (3)
|
|
$ |
95.7 |
|
|
$ |
93.7 |
|
|
$ |
(3.6 |
) |
|
$ |
8.0 |
|
|
$ |
3.4 |
|
|
$ |
0.1 |
|
|
$ |
197.3 |
|
| |
|
Revenues and Operating Income/(Loss)
|
|
| |
|
For The Six Months ended June 30, 2026
|
|
| |
|
JBI
|
|
|
DCS
|
|
|
ICS
|
|
|
FMS
|
|
|
JBT
|
|
|
Intersegment Eliminations
|
|
|
Consolidated
|
|
|
Total operating revenues
|
|
$ |
3,258.5 |
|
|
$ |
1,761.3 |
|
|
$ |
711.2 |
|
|
$ |
386.1 |
|
|
$ |
445.0 |
|
|
$ |
(10.3 |
) |
|
$ |
6,551.8 |
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rents, purchased transportation, and fuel
|
|
|
2,075.6 |
|
|
|
276.5 |
|
|
|
631.1 |
|
|
|
155.6 |
|
|
|
362.9 |
|
|
|
|
|
|
|
|
|
|
Salaries, wages and employee benefits
|
|
|
446.9 |
|
|
|
765.1 |
|
|
|
37.1 |
|
|
|
124.3 |
|
|
|
21.2 |
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization
|
|
|
122.9 |
|
|
|
161.4 |
|
|
|
3.8 |
|
|
|
22.1 |
|
|
|
11.3 |
|
|
|
|
|
|
|
|
|
|
Operating supplies and expenses
|
|
|
133.5 |
|
|
|
144.9 |
|
|
|
5.7 |
|
|
|
19.2 |
|
|
|
16.0 |
|
|
|
|
|
|
|
|
|
|
Insurance and claims
|
|
|
61.8 |
|
|
|
95.5 |
|
|
|
7.9 |
|
|
|
8.4 |
|
|
|
12.7 |
|
|
|
|
|
|
|
|
|
|
General and administrative expenses, including asset dispositions
|
|
|
135.4 |
|
|
|
98.4 |
|
|
|
28.4 |
|
|
|
40.1 |
|
|
|
18.5 |
|
|
|
|
|
|
|
|
|
|
Other segment items (2)
|
|
|
17.0 |
|
|
|
29.6 |
|
|
|
0.2 |
|
|
|
3.7 |
|
|
|
1.0 |
|
|
|
|
|
|
|
|
|
|
Total operating expenses
|
|
|
2,993.1 |
|
|
|
1,571.4 |
|
|
|
714.2 |
|
|
|
373.4 |
|
|
|
443.6 |
|
|
|
(10.4 |
) |
|
|
6,085.3 |
|
|
Operating Income (3)
|
|
$ |
265.4 |
|
|
$ |
189.9 |
|
|
$ |
(3.0 |
) |
|
$ |
12.7 |
|
|
$ |
1.4 |
|
|
$ |
0.1 |
|
|
$ |
466.5 |
|
| |
|
Revenues and Operating Income/(Loss)
|
|
| |
|
For The Six Months ended June 30, 2025
|
|
| |
|
JBI
|
|
|
DCS
|
|
|
ICS
|
|
|
FMS
|
|
|
JBT
|
|
|
Intersegment Eliminations
|
|
|
Consolidated
|
|
|
Total operating revenues
|
|
$ |
2,907.1 |
|
|
$ |
1,669.0 |
|
|
$ |
528.3 |
|
|
$ |
411.3 |
|
|
$ |
343.6 |
|
|
$ |
(9.7 |
) |
|
$ |
5,849.6 |
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rents, purchased transportation, and fuel
|
|
|
1,814.4 |
|
|
|
213.1 |
|
|
|
451.6 |
|
|
|
151.5 |
|
|
|
252.5 |
|
|
|
|
|
|
|
|
|
|
Salaries, wages and employee benefits
|
|
|
439.7 |
|
|
|
758.2 |
|
|
|
33.6 |
|
|
|
141.1 |
|
|
|
21.0 |
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization
|
|
|
122.1 |
|
|
|
158.8 |
|
|
|
4.0 |
|
|
|
22.3 |
|
|
|
14.4 |
|
|
|
|
|
|
|
|
|
|
Operating supplies and expenses
|
|
|
128.2 |
|
|
|
140.6 |
|
|
|
3.2 |
|
|
|
19.6 |
|
|
|
14.4 |
|
|
|
|
|
|
|
|
|
|
Insurance and claims
|
|
|
56.4 |
|
|
|
88.6 |
|
|
|
8.6 |
|
|
|
12.5 |
|
|
|
12.6 |
|
|
|
|
|
|
|
|
|
|
General and administrative expenses, including asset dispositions
|
|
|
140.1 |
|
|
|
106.6 |
|
|
|
32.9 |
|
|
|
47.7 |
|
|
|
22.5 |
|
|
|
|
|
|
|
|
|
|
Other segment items (2)
|
|
|
16.1 |
|
|
|
29.1 |
|
|
|
0.6 |
|
|
|
3.9 |
|
|
|
0.8 |
|
|
|
|
|
|
|
|
|
|
Total operating expenses
|
|
|
2,717.0 |
|
|
|
1,495.0 |
|
|
|
534.5 |
|
|
|
398.6 |
|
|
|
338.2 |
|
|
|
(9.7 |
) |
|
|
5,473.6 |
|
|
Operating Income (3)
|
|
$ |
190.1 |
|
|
$ |
174.0 |
|
|
$ |
(6.2 |
) |
|
$ |
12.7 |
|
|
$ |
5.4 |
|
|
$ |
- |
|
|
$ |
376.0 |
|
| |
(1)
|
Net capital expenditures report the additions to property and equipment, net of proceeds from the sale of property and equipment.
|
| |
(2)
|
Other segment items include communication, utilities, and operating taxes and licenses expense items.
|
| |
(3)
|
Refer to the Condensed Consolidated Statements of Earnings for the reconciliation of consolidated operating income to earnings before income taxes.
|
|